Cheapest Auto Insurance Quotes for College Students in Hawaii

This would be a much quicker read if we could simply give you the name of the company that has the best car insurance rates in Hawaii. It’s just not that easy, however, as there are a ton of unknown factors such as if you are insuring for full coverage or just liability only, where you live in Hawaii, and your credit rating. This article will cover the best ways to find cheap car insurance and should give you a solid foundation to find cheaper car insurance in Hawaii.

For Hawaii drivers, one of the factors that play a part in determining insurance cost is where you keep your car. Cities that have higher claim levels or more people like Hilo, Ewa Beach, and Waianae are more likely to pay higher prices, whereas areas with less crime or weather claims tend to receive slightly lower rates.

The illustration below displays the priciest cities in Hawaii for college students to buy an auto insurance policy in.

Prices are estimated as the specific area where the vehicle is garaged can revise coverage prices considerably.

Deciding which company has the cheapest auto insurance rates for college students requires more time in order to find the lowest price.

Every auto insurer has a different process to determine premium rates, so to begin we’ll rank the auto insurance companies with the most affordable rates in Hawaii.

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USAA has some of the most affordable car insurance rates in Hawaii at around $926 annually. State Farm, GEICO, Liberty Mutual, and Progressive also qualify as some of the cheaper Hawaii car insurance companies.

In this example, if you currently have a policy with Liberty Mutual and switched to USAA, you might realize an annual premium reduction of about $480. Drivers with Progressive may save as much as $634 a year, and Allstate policyholders might lower prices by up to $1,000 a year.

It’s important to note that these premiums are averages across all ages of drivers and types of vehicles and are not factoring in a rate increase for college students. So the car insurance company that can offer you the best rate may not even be in the list of companies shown earlier. That illustrates why you need to get car insurance quotes using your own personalized driver profile and vehicle information.

Discount Hawaii insurance

Car insurance companies that sell the cheapest auto insurance for college students in Hawaii may also provide discounts that may potentially lower prices by as much as 40% or more if you can meet the requirements. Companies and their possible discounts are outlined below.

The diagram below illustrates the comparison of car insurance costs with and without policy discounts. The premiums are based on a male driver, no driving violations, no at-fault accidents, Hawaii state minimum liability limits, comp and collision included, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with passive restraint, continuous coverage, vehicle safety, paperless filing, good student, and paid-in-full discounts applied. When discounts are factored in, the average savings per year on auto insurance for college students is % or $.

Should you buy full coverage?

Finding the cheapest auto insurance for college students in Hawaii should be important to the majority of vehicle owners, and one of the quickest ways to find cheaper insurance is to only pay for liability coverage. The illustration below visualizes the comparison of auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no accidents or driving violations, $1,000 deductibles, single status, and no discounts are factored in.

If averaged out across all ages, comprehensive and collision coverage on your policy costs $1,508 per year over and above liability coverage. That is a large expense and it proposes the question if it’s worth it to buy full coverage. There is no clear-cut rule of when to drop full coverage, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

There are some circumstances where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not buy liability only.